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Tim Culpan

Robinhood Hack Shows the Need for a More Human Approach to Security

The industry already has a list detailing cybersecurity flaws. It’s time for a similar compilation of other vulnerabilities that may compromise system safety. 

An open book.

An open book.

Photographer: Gabby Jones/Bloomberg

Robinhood Markets Inc. got hacked. Again. A year ago, the breach hit almost 2,000 accounts. This week’s event compromised the personal information of 7 million users. 

As a result, hackers obtained a list of email addresses for 5 million people and got a separate cache of the full names of 2 million more. The California-based online brokerage seems to be playing down the incident, noting that key data like Social Security, debit-card or bank-account numbers weren’t taken.